Khanh Hoa: Biggest ever social housing project kicks off
The biggest ever social housing project in the south central coastal province of Khanh Hoa saw its construction commenced on January 11, promising to accommodate about 20,250 people in the future.
At the groupbreaking ceremony of the Vinhomes Happy Home Cam Ranh in Khanh Hoa province on January 11. (Photo: VNA)
Khanh Hoa (VNA) – The biggest ever social housing project in the south central coastal province of Khanh Hoa saw its construction commenced on January 11, promising to accommodate about 20,250 people in the future.
Covering approximately 88ha, the nearly 3.8 trillion VND (155.29 million USD) Vinhomes Happy Home Cam Ranh is expected to be completed around the end of 2026, aiming to deliver some 3,600 units of low-rise social housing, complemented by several hundred villas and adjacent townhouses. It also encompasses a comprehensive array of social infrastructure components, including healthcare facilities and an educational system spanning from preschools to high schools.
At the groundbreaking ceremony, Chairman of the provincial People's Committee Nguyen Tan Tuan stressed that Khanh Hoa has anticipated expected increases in social housing of 44,461 units by 2025 and 46,066 units by 2030. He said in recent years, the province has witnessed a rapid surge in its workforce serving service-oriented businesses and industrial zones, posing new challenges and requirements for housing solutions at the local level.
Aligned with the government's initiative on investing in the construction of at least 1 million social housing units for low-income individuals and industrial zone workers for 2021-2030, Khanh Hoa has been allocated to complete 3,400 units during the 2022-2025 phase and an additional 4,400 units from 2026 to 2030. In the immediate term between 2022 and 2025, it aims to finish over 4,800 units.
Nguyen Viet Quang, Vice Chairman and General Director at the Vietnamese conglomerate Vingroup, remarked that this is the fourth Vinhomes social housing project in Vietnam and the second launched since the beginning of 2024./.
To date, 10 provinces have sent their lists of projects for access to a 120 trillion VND (5.11 billion USD) housing credit package, heard an online conference on reviewing a resolution to remove difficulties for the development of the real estate market chaired by Prime Minister Pham Minh Chinh on August 3.
The southern economic hub of Ho Chi Minh City is striving to build 35,000 social housing apartments by 2025, equivalent to 2.5 million square metres of floor space, said the municipal People's Committee.
The State Bank of Vietnam (SBV) will step up the information work to further popularise the social housing loan package among the public given its sluggish disbursement, SBV Governor Nguyen Thi Hong said at a question and answer session of the 15th National Assembly in Hanoi on November 6.
Vietnam’s biggest listed property firm Vinhomes JSC on January 6 held a ceremony to kick off its first social housing project in Hai An district, Hai Phong city.
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Vietnamese Consul General in Fukuoka Vu Chi Mai highlighted the growing demand for Vietnamese workers in Kyushu, especially in Fukuoka, Oita, and Saga prefectures. Currently, the region employs about 35,000 Vietnamese manual workers and over 5,000 IT engineers.
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At a review conference held on June 21, Deputy Minister of Construction Nguyen Van Sinh praised the province’s scientific, coordinated, and flexible approach. He noted that the early completion reflects the strong commitment of local authorities, the business community, philanthropists, and residents in improving housing conditions for disadvantaged groups.
The VNA delegation, led by General Director Vu Viet Trang, actively participated in the event, engaging in both professional and diplomatic activities.
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Granma and the VNA have great potential for cooperation, especially in sharing content regularly, so that VNA products are published on Granma platforms and vice versa, thereby helping Cuban and Vietnamese people access true information and gain a deep understanding of each other's country and people.
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The strategic product, managed and operated by the Vietnam News Agency Digital Media Centre (VNA Media), is an official channel for popularising the Party and State’s information and documents as well as delivering mainstream and trustworthy news to both domestic and international audiences through various kinds of multimedia formats.
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The total investment exceeded 319 billion VND (12.2 million USD), including over 261 billion VND from the state budget and 57.5 billion VND mobilised from businesses, organisations, and individuals.
At the groupbreaking ceremony of the Vinhomes Happy Home Cam Ranh in Khanh Hoa province on January 11. (Photo: VNA) 
